State Street Corp Grows Stock Position in Innovid Corp. (NYSE:CTV)

State Street Corp boosted its position in shares of Innovid Corp. (NYSE:CTV) by 12.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,188,183 shares of the company’s stock after purchasing an additional 133,281 shares during the period. State Street Corp owned approximately 0.81% of Innovid worth $2,139,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. FMR LLC boosted its stake in Innovid by 590.2% during the 3rd quarter. FMR LLC now owns 15,413 shares of the company’s stock valued at $28,000 after acquiring an additional 13,180 shares during the last quarter. Miller Investment Management LP acquired a new position in Innovid in the third quarter worth $36,000. American Century Companies Inc. bought a new stake in Innovid during the second quarter valued at $61,000. SG Americas Securities LLC raised its stake in Innovid by 124.1% during the third quarter. SG Americas Securities LLC now owns 36,605 shares of the company’s stock worth $66,000 after acquiring an additional 20,272 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Innovid in the 2nd quarter worth approximately $81,000. 25.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Needham & Company LLC restated a “hold” rating and issued a $3.00 target price on shares of Innovid in a research report on Friday, November 22nd. Citizens Jmp lowered shares of Innovid from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, JMP Securities lowered shares of Innovid from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, Innovid currently has an average rating of “Hold” and an average target price of $2.83.

Innovid Price Performance

NYSE:CTV opened at $3.09 on Thursday. The business’s 50-day moving average price is $2.59 and its 200 day moving average price is $2.08. Innovid Corp. has a 52-week low of $1.25 and a 52-week high of $3.40. The firm has a market cap of $458.77 million, a P/E ratio of -34.33 and a beta of 3.30.

About Innovid

Innovid Corp. operates an independent software platform that provides ad serving, measurement, and creative services. It offers advertising services for the creation, delivery, and measurement of TV ads across connected TV, mobile TV, and desktop TV environments to advertisers, publishers, and media agencies.